Cognizant (CTSH) Americas president vests 5,222 RSUs, 2,615 shares withheld for taxes
Rhea-AI Filing Summary
COGNIZANT TECHNOLOGY SOLUTIONS CORP President – Americas Surya Gummadi reported routine equity-compensation transactions. On June 1, 2026, restricted stock units (RSUs) granted under the 2023 Incentive Award Plan vested, converting into Class A Common Stock. A total of 5,222 RSUs were exercised into shares, while 2,615 shares were withheld at $55.76 per share to cover applicable taxes. Footnotes explain several RSU awards granted on February 28, 2024 and February 25, 2026, each vesting in quarterly installments over three years, with each RSU representing one share of Class A Common Stock. These entries reflect compensation-related vesting and tax withholding rather than open-market buying or selling.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,168 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 319 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,309 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,426 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,168 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 319 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,309 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,426 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,615 | $55.76 | $146K |
Footnotes (10)
- F1. Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on February 28, 2024.
- F2. Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3. Shares of Class A Common Stock of the Company received from the vesting of 1/3rd of 1/8th of the RSU award granted on February 28, 2024.
- F4. Shares of Class A Common Stock of the Company received from the vesting of 1/12th of the RSU award granted on February 25, 2026.
- F5. Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 25, 2026.
- F6. Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
- F7. A total of 14,016 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2027).
- F8. A total of 7,645 RSUs were originally granted on February 28, 2024 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2024, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 1, 2027).
- F9. A total of 27,718 RSUs were originally granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2026, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2029).
- F10. A total of 11,413 RSUs were originally granted on February 25, 2026 under the Company's 2023 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2026, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the successive three vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (March 1, 2029).
Key Figures
Key Terms
Restricted Stock Units financial
2023 Incentive Award Plan financial
tax withholding financial
quarterly installments financial
contingent right financial
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